Magna Mining Reports a New Nickel - Copper - PGM Discovery at the Shakespeare Project, Ontario, Canada

Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to provide assay results from the first two diamond drill holes that were designed to test a portion of the P-4 target, located 5 km to the east and on strike of the past producing Shakespeare Mine stratigraphy.

Two holes were drilled to intersect a previously untested geophysical anomaly, and both holes intersected significant nickel, copper, and Platinum Group Metals (PGM) near surface. A portion of hole MP4-21-01 returned a zone grading 0.58% Ni, 0.84% Cu, 0.04% Co and 2.64 g/t TPM (1.76% NiEq) over 0.42m within a 2.33m zone grading 0.77% NiEq. Hole MP4-21-02 intersected a zone of semi-massive sulphides grading 1.16% Ni, 0.10% Cu, 0.06% Co and 0.78 g/t TPM (1.53% NiEq) over 0.21m as well as a second zone grading 0.46% Ni, 1.32% Cu, 0.03% Co and 1.64 g/t TPM (1.60% NiEq) over 0.53m within a 3.66m intersection grading 1.05% NiEq(see Table 1 for complete assay results).

Mynyr Hoxha, Vice President of Exploration, states, "The discovery of semi-massive sulphides within a gabbroic unit in a sedimentary rock environment almost 100m from the Nipissing gabbros is extremely encouraging. The first two holes testing this target provide strong support for our thesis that our 180km² land package has potential to host multiple deposits of high-grade nickel, copper, and precious metal mineralization. What we find most encouraging about this discovery is that unlike our current Shakespeare deposit, which is comprised of relatively consistent concentrations of disseminated sulphides, the new discovery shows evidence of sulphide and metal segregation. Magna geologists interpret this mineralization as a magma injection into the sediments, possibly from a large magmatic source at depth. Follow-up work will involve borehole electro-magnetic (EM) surveying on the recently completed holes and additional drilling designed to further define the new mineralization and to follow this system to the potential source at depth. Additionally, a second known EM geophysical anomaly, located 400m further to the east of the new mineralization remains untested."

Figure 1. Plan view of the P-4 target location in relation to the Shakespeare Deposit

To view an enhanced version of Figure 1, please visit:
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Figure 2: Plan map displaying the location of interpreted cross section of P-4 target with drill holes, and defined EM conductors

To view an enhanced version of Figure 2, please visit:
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Figure 3: Vertical interpreted cross section of P-4 target with drill hole results looking north-east

To view an enhanced version of Figure 3, please visit:
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"This discovery is a first step in our regional exploration program and validates Magna's belief that the Shakespeare Project has the potential to host multiple nickel, copper, PGM deposits within our extensive land package. The newly discovered mineralization is open in all directions and the current intersections are within 140 meters of surface. Assay results demonstrate a more than 50% increase in base metal grade from the first hole to our deeper second hole. We find this quite encouraging and a comparison of the two drillhole intercepts suggests that the width of the mineralized zone is increasing with depth. Magna's property covers more than 10 km of strike length of the Shakespeare stratigraphy and associated magnetic anomalies that host the known Shakespeare deposit. This trend has seen very little exploration in the past and the recent results demonstrate the significant geological potential and re-affirms Magna's belief that there are additional economic deposits to be discovered on the Shakespeare Project. We are looking forward to further testing the down dip extent of this zone of mineralization, as well as drill testing the second electro-magnetic anomaly associated with this exploration target," states Jason Jessup, Magna's Chief Executive Officer.

Table 1: Summary of the maiden assay results from diamond drilling at P-4 target

DDH

From
(m)

To
(m)

Length
(m)

Ni
(%)

Cu
(%)

Co
(%)

Pt
(g/t)

Pd
(g/t)

Au
(g/t)

NiEq %

MP4-21-01

154.84

157.17

2.33

0.25

0.36

0.02

0.35

0.45

0.28

0.77

Including

156.75

157.17

0.42

0.58

0.84

0.04

0.94

1.00

0.70

1.76

MP4-21-02

178.43

182.09

3.66

0.45

0.55

0.03

0.34

0.37

0.28

1.05

Including

178.7

179.23

0.53

0.46

1.32

0.03

0.56

0.58

0.50

1.60

Including

180.18

180.39

0.21

1.16

0.10

0.06

0.51

0.19

0.08

1.53

Note: Equivalent values calculated using September 16, 2021 metal prices of U$8.80/lb. Ni, US$4.21/lb. Cu, US$930/oz Pt, US$1966/oz Pd, US$1,756 Au, and US$23.36/lb. Co. Recoveries were not used in the NiEq calculations. All composite intervals are reported as core length as true width has not been determined.

Qualified Person

The technical information in this press release has been reviewed and approved by Mynyr Hoxha, Ph.D., P.Geo., the Company's Vice President of Exploration. Dr. Hoxha is a qualified person under Canadian National Instrument 43-101.

QA/QC

Samples from diamond drilling at our P-4 target were submitted to Swastika Laboratories of Kirkland Lake, Ontario. Samples were marked by geologists, cut, then half the core was bagged in plastic bags, and placed into rice bags with other samples for shipment. Samples were shipped to Kirkland Lake via Ontario Northland Bus services. Quality control samples are submitted with every batch including two known certified references and blank material. Gold was analysed with fire assay and gravimetric finish, Pt & Pd were analysed with fire assay and AES finish, and base metals were analysed with two acid digestion and FAAS finish. All QAQC samples included as part of the sample reported here have passed QAQC. The current exploration program is being carried out under the supervision of Marshall Hall, M.Sc., P.Geo, and the Company's Exploration Manager.

About Magna Mining Inc.

Magna Mining is an exploration and development company focused on sulphide nickel, copper and PGM projects in the Sudbury region of Ontario, Canada. The Company's flagship asset is the past producing Shakespeare Mine which has major permits for the construction of a 4500 tonne per day open pit mine, processing plant and tailings storage facility and is surrounded by a contiguous 180km² prospective land package. Additional information about the Company is available on SEDAR (www.sedar.com) and on the Company's website (www.magnamining.com).

For further information, please contact:
Jason Jessup
Chief Executive Officer
or
Paul Fowler, CFA
Senior Vice President
Email: info@magnamining.com

Cautionary Statement

This press release contains certain forward-looking information or forward-looking statements as defined in applicable securities laws. Forward-looking statements are not historical facts and are subject to several risks and uncertainties beyond the Company's control, including statements regarding plans to complete exploration programs, potential mineralization, exploration results and statements regarding beliefs, plans, expectations or intentions of the Company. Resource exploration and development is highly speculative, characterized by several significant risks, which even a combination of careful evaluation, experience and knowledge may not eliminate. All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements whether as a result of new information or future events or otherwise, except as may be required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this press release.

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Cyprium Gains Full Control of Paterson Copper Project as IGO Withdraws

Cyprium Metals (ASX:CYM,OTC Pink:CYPMF) said Wednesday (April 23) that it will assume 100 percent ownership of the Paterson exploration project following IGO's (ASX:IGO,OTC Pink:IPDGF) withdrawal from the joint venture.

The joint venture dates back to June 2020, when IGO signed a deal with Metals X (ASX:MLX,OTC Pink:MLXEF).

Under the arrangement, IGO committed to solely fund AU$32 million worth of exploration activities over the course of 6.5 years to earn a 70 percent interest in the project. IGO has managed the asset since then, investing approximately AU$24 million across multiple drill campaigns and regional targeting programs.

Cyprium went on to acquire Metals X's Western Australian copper assets in March 2021. Now that IGO has decided to exit the agreement with no retained interest, Paterson will revert back to Cyprium effective April 30.

The property is located in Western Australia's prolific Northeastern Pilbara region, and according to the company is contiguous with its Nifty copper complex and Maroochydore copper project.

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Finlay Minerals stakes the JJB Property - within the Bear Lake Corridor of British Columbia

finlay minerals ltd. (TSXV: FYL) (OTCQB: FYMNF) ("Finlay" or the "Company") is pleased to announce the staking of 9 mineral claims covering 15,453 hectares (approximately 154 km²) in the northern Bear Lake Corridor of British Columbia . The JJB Property is named in honour of Finlay's Founder, John J. Barakso who was an early advocate for the potential of the Bear Creek Corridor.

JJB PROPERTY:

The JJB Property is located within a highly prospective 135-kilometer-long belt in the Stikine Terrane, which hosts several significant copper (Cu) and silver (Ag) showings and prospects. Noteworthy nearby projects include Zimtu Capital Corp.'s Copperline Project and Doubleview Gold Corp.'s Red Spring Project. Additionally, porphyry projects along the Bear Lake trend include Imperial Metals' Cu-Mo Porphyry Bear Lake Project, American Eagle Gold's Cu-Au-Mo ± Ag NAK Project, Amarc Resources Ltd.'s DUKE Project, and HDI Quartz Mountain's Cu Porphyry Jake Project.

The JJB area has geology similar to that of the deposits found in the Bear Lake Corridor. Three main copper showings have been identified on the property: Squingula, Quin, and Pat. The Squingula and Quin showings are located near an Eocene intrusion on the west side, characterized by a coincident magnetic high. This magnetic high is surrounded by a low that corresponds with an iron oxide anomaly, potentially indicative of a porphyry target. Both the intrusion and the magnetic and iron oxide signatures are associated with a multi-element geochemical anomaly identified through limited sampling. Mineralization appears to be influenced by major northwest-trending structures and east-west cross structures, with known mineralization occurring at the intersections of these structures.

In 2025, exploration work at the JJB will focus on expanding the geochemical anomalies within the gossanous magnetic low surrounding the magnetic high. Priority will be given to an airborne magnetic survey, along with prospecting and soil sampling.

Details on the JJB Property can be found in the JJB Property Technical Presentation and in the Properties section of the Company website at www.finlayminerals.com .

SAY PROPERTY:

Lying 4 km south of Finlay's new JJB Property, work continues on the SAY Property, which has recently been expanded with additional staking to the north and south. The SAY Property now totals 26,202 hectares. The SAY Property was acquired in 2024, and an inaugural field program focused on chip sampling and mapping along the 4.3-kilometer-long SPUR Trend. This led to the discovery of the AG Zone and confirmed the continuity of high-grade Cu-Ag mineralization in the East Breccia Zone.

The SPUR is a high-grade Cu-Ag structural vein and breccia target that extends for 4.3 km along the north-northwest Tsaytut Spur ridge * .

The SHEL target area is a Cu-Mo porphyry identified through historic mapping and drilling. SHEL mineralization is reported to be associated with veining and breccias within quartz-feldspar porphyry dikes and lies on the western margin of an unexplored 3 km x 2 km magnetic high * . Historical assays and airborne magnetic data indicate the potential for the expansion of known mineralization in these two target areas.

In 2025, exploration work at the SAY will aim to expand the mineralized footprint of the SPUR and SHEL targets through geological mapping, soil sampling, and an airborne magnetic survey.

Details on the SAY Property, can be found in the SAY Property Technical Presentation and in the Properties section of the Company website at www.finlayminerals.com .

References:

*	Refer to finlay minerals ltd. News Release # 11-24 dated October 3, 2024 entitled: " Finlay Minerals has completed its Inaugural Field Program at the High-Grade Copper-Silver SAY Property " available on SEDAR at www.sedarplus.ca.

Qualified Person:

Wade Barnes , P. Geo. and Vice President, Exploration for Finlay Minerals and a qualified person as defined by National Instrument 43-101, has approved the technical content of this news release.

About finlay minerals ltd.

Finlay is a TSXV company focused on exploration for base and precious metal deposits with five 100%-owned and operated properties in northern British Columbia . In addition to the JJB & SAY Properties, the Company holds the:

PIL Property , which covers 13,374 ha in the heart of the Toodoggone region, has numerous porphyry Cu-Au ± Ag targets and associated epithermal Au-Ag mineralization. Exploration on the PIL Property is fully funded for 2025 with the signing of an Earn-In-Agreement with Freeport-McMoRan (Refer to news release FYL NR03-25 entitled: "Finlay Minerals Enters into Earn-In Agreements with Freeport for its PIL & ATTY Properties ". ) The PIL is neighboured by Amarc Resources and Freeport-McMoRan's joint venture JOY Project and TDG Gold Corporation's Shasta/Baker and Sofia Properties. The PIL Property is also 25 km northwest of Centerra Gold's past-producing Kemess South Mine and 15 km east of Thesis Gold's Lawyers Project.
ATTY Property covers 3,875 ha of sub-alpine terrain in the southern Toodoggone region. Exploration on the ATTY Property is also full-funded for 2025 with the signing of an Earn-In-Agreement with Freeport-McMoRan in April 2025.The Toodoggone is a northwest-trending belt of Triassic to Jurassic arc terranes that hosts numerous significant porphyry Cu-Au ± Ag and associated epithermal Au-Ag deposits. The ATTY Property is in between and contiguous to Centerra Gold's Kemess Project and the joint-venture JOY Project held by Amarc Resources and Freeport-McMoRan. The ATTY Property KEM target has similarities to the Kemess North Trend, which hosts the Kemess Underground and Kemess East deposits.
Silver Hope Property covers 21,322 ha and surrounds the past-producing Equity Silver Mine in the prospective Skeena Arch region of central B.C. The Silver Hope contains the Main Trend which is a >2 km Cu-Ag-Au mineralized trend with mineralization starting at surface. West of the Main Trend is the West Cu-Mo Porphyry which is also mineralized starting from surface. The Property hosts a network of forestry roads and trails and has all-year access from Houston, BC .

Finlay trades under the symbol "FYL" on the TSXV and under the symbol "FYMNF" on the OTCQB. For further information and details, please visit the Company's website at www.finlayminerals.com

On behalf of the Board of Directors,

Robert F. Brown
President, CEO & Director

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information: This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the exploration plans for the JJB and SAY Properties. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay's proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.

SOURCE finlay minerals ltd.

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Magna Mining Reports a New Nickel - Copper - PGM Discovery at the Shakespeare Project, Ontario, Canada

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